Athletic financial cuts

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snuffy

Calf fries are the original sack lunch.
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Feb 28, 2007
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#1
https://twitter.com/brett_mcmurphy/status/1303772367240466435?s=21
 
Aug 22, 2006
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#4
Thats just the athletic department think about the impact on Stillwater alone. When we finally get back to being able to fill the arenas we need to do it as supporters and fans.

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Feb 18, 2009
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#7
Not sure why this is a shock to anyone. When you cut revenues by 50, 60 and 70% and costs don’t go down by 50, 60 and 70% you have to make cuts. This is not rocket science. But it was the most predictable thing to come out of all of this. Some of us have been screaming it since March.
 

Ptak'sNewspaper

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Sep 30, 2004
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#8
Not sure why this is a shock to anyone. When you cut revenues by 50, 60 and 70% and costs don’t go down by 50, 60 and 70% you have to make cuts. This is not rocket science. But it was the most predictable thing to come out of all of this. Some of us have been screaming it since March.
Same thing I was thinking. This isn’t even news, honestly.
 
Dec 7, 2006
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#9
A couple of odd things in there.

Affects 232 of the 241 employees. Wonder how the other 9 came out unscathed.

16 of the 25 employees with contracts agreed to pay cuts. Wonder what’s up with the other 9.

Same 9 in both cases?
If they have a contract, they're protected by it. So the only way to cut their salary is if they do it voluntarily or find a way to get out of the contract. My guess is they are assistant/associate coaches who either were not asked or refused to take a pay cut (probably the former, though it's speculation).

For all other employees, I would guess it's simple spreadsheet work. Employees with higher salaries too larger percentage paycuts because they have more wiggle room and employees with smaller salaries took smaller paycuts.

No idea whether the 25 with contracts is included in the larger number, but I would guess that it was based on the 9-count difference in each case. All employees who had no choice took a paycut. Of those who could refuse, all but 9 did so voluntarily.
 
Jul 10, 2009
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Stillwater, OK
#10
The nine with no pay cuts could also be minimum wage employees that they couldn't cut. Or they may have had a lower level threshhold where they weren't cutting anyone making less than a certain amount.
 
Oct 30, 2007
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#11
That's rough. I feel really bad for the people that lost their jobs. It could be a lot worse though. Just imagine where we would be without football. Some Big 10 schools will be facing a $100 million deficit if they don't end up playing.
 

Ptak'sNewspaper

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#12
I don't like it, but this will be what pushes things over the top to end up having football players paid $$$ at the college level. They'll be able to use this as a "see, look at how much money you make from us" moment. Which, they're not wrong, I just personally believe that they're already paid quite handsomely, it's just that most don't value the currency. Maybe "most" is too strong, many don't value the currency.
 

wrenhal

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Aug 11, 2011
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#13
Not sure why this is a shock to anyone. When you cut revenues by 50, 60 and 70% and costs don’t go down by 50, 60 and 70% you have to make cuts. This is not rocket science. But it was the most predictable thing to come out of all of this. Some of us have been screaming it since March.
To me it's better than cutting sports, which is what many other schools are doing.

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Nov 6, 2010
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#14
Anyone think there will ever be another employment contract written without a pandemic clause in it, in any profession?
 
Apr 7, 2006
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#16
College athletics hasn't had any major disruption to revenue in a very long time so they got a bit too comfortable with spending and salaries. This may serve as a correction to the "arms race" that had gotten a little out of hand.